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Vesta secures full FSA permission

The grant of permission under part IV of the Financial Services and Markets Act 2000 means that Vesta will be an authorised organisation from Mortgage Day, October 31. The notification follows Vesta&#39s minded to approve letter which it received early last month.


Mark Leaper, managing director of Vesta Money, says: “All our hard work on compliance has paid off. We are now one of the first companies in the industry to get full authorisation and, as far as I am aware, the first RAMP member to get it.”


Vesta Money subsidiary Vesta Packaging was launched earlier in the summer to offer intermediaries levels of service that are well in advance of what currently apply elsewhere in the packaging sector. Vesta Packaging typically aims to turnaround its mortgage cases in 26 days, from sign-up in the home to completion.



Baseline Capital appoints sales and marketing director

Richard Coates, managing director of Baseline, says: “I&#39m pleased to have Fletcher on board given his extensive market contacts among lenders, technical knowledge and proven sales track record.” Fletcher worked at Homeloan Management for three years. He says: “Baseline provides me with a host of exciting new challenges. My new role will be focused on […]

Brokers to benefit from SLB commission shake-up

As it stands, if a client was to purchase an equity release product via a broker for about £200,000 and release £10,000 at the time of purchase, the broker would only receive commission on that £10,000 and not any amount released after that date. SLB plans to change this so that the broker would receive […]

Borrower apathy rising, says Clear Cut

The company says that the average UK mortgaged homeowner could save £66.75 a month simply by switching from their current mortgage to a better product. This would reduce the average UK annual household repayment from £5,167 to £4,366 on the average outstanding mortgage balance of £63,250. The saving equates to cutting national mortgage repayments by […]

CACI launches email database eAppend

The product has been designed to make it easier to talk to customers immediately and efficiently at a fraction of the cost. A range of leading internet service providers and online data providers supply the unique data pool of addresses stored within eAppend. This information is cross-referenced against customer name and postal address, and matches […]

Why prevention is better than cure

Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?


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